If the beginning balance for June of the materials inventory account of AAA Enterprise was P250,000, the materials purchased for the month is P1,200,000 and the ending balance for the month was P300.000, how much was the materials used for the month? 1. P 1,150,000 2. P 1.250,000 3. P 1,500,000 4. P 1,750,000 O 1 2. 3. 4-

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 4EB: Masonrys records show the raw materials inventory had purchases of $1,000and an ending raw materials...
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If the beginning balance for June of the materials inventory account of AAA Enterprise was
P250,000, the materials purchased for the month is P1,200,000 and the ending balance for the
month was P300.000, how much was the materials used for the month?
1. P 1,150,000
2. P 1.250,000
3. P 1,500,000
4. P 1,750,000
O 1
O 2
O 3
O 4
Transcribed Image Text:If the beginning balance for June of the materials inventory account of AAA Enterprise was P250,000, the materials purchased for the month is P1,200,000 and the ending balance for the month was P300.000, how much was the materials used for the month? 1. P 1,150,000 2. P 1.250,000 3. P 1,500,000 4. P 1,750,000 O 1 O 2 O 3 O 4
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